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Debt Collection

Parent Category: Debt and Bankruptcy
Debt collection is a legal and necessary practice when products or services have already been provided but the consumer has not paid for them. Some companies use collection agencies to pursue payments on debts owed by persons or businesses.
  if you are asking about the limit a creditor can put on a garnishment, it is a percentage, depending on the state you live in, not the state the creditor is in
Contact the collection agency that is doing the garnishment, .I would also ask them to email you all the documents as we'll. Keep for your records.
You will need to work with the financial institution to work out a settlement where you retain the vehicle and become current on your payments. Each loan institution is going to be different but the only way is calling until you get to the correct employee.
Depending on what state you are in you can file for title based on abandoned vehicle laws,but in West Virginia you can only re-title if your a state trooper or a auto repair business owner
well i think that the foreclosure sale will be on about the 25 of  may.
Most likely you will. You need to notify your insurance company of  the move immediately so that they can change the garaging address.  Ask your agent about whether or not your company even does business  in your new state. If you are an adult, you need your own insurance  in your name. You...
i am 65yrs + live Nevada consindering walking away from my mortgage .the house is way upside down and i connot retire and continue to make house payments. i have good credit and i am still working full time but soon working will have to end the credit i do not care what rating i but would not want a...
Definitely. If the buyer change his/ her decisions or suddenly vanish, one can make an application to the court to cancel the sales contract. The liens will still exist unless you terminate the lien contract by notifying the other party to the contract. Any forms of notification is accepted as long...
No, but if you file bankruptcy you are willing to give up important things. Such as cars , money , boats, or anything value. That would help not having a foreclosure but it would take 2 years to get out the house if you recieve a foreclosure.
The estate must repay the loan before assets are inherited.  Otherwise, only if they cosigned.
It would depend on local law; generally repossession is done after  forfeiture on the loan on that car, or as part of a general claim  on a person's property (to pay of debts or a fine, for instance).  If such laws are not in place locally, or the rules aren't  followed, repossession would still...
You would normally receive a notice from the financial management  service (FMS) advising you of your refund garnishment.
I don't think that's possible if it's already foreclosed on and it's still inside the resident
Estimating the time it will take to pay off the national debt  depends on future revenues and expenses--not just the current  amount owed. If expenditures are productive--that is, they grow the  economy and generate better-paying jobs, then tax revenues will  rise faster.    Projections are...
Yes you, can. When a house gets foreclosed, it is based on the house itself, not its personal furniture and items.
  One common misconception that homeowners can have during a foreclosure situation is that they can somehow transfer ownership of a property and that this will stop the foreclosure. Nothing could be further from the truth, and simply signing over the deed to the house to a third party will put...
Most lenders would only give you an auto loan if they are the lien holder until your car is paid off. This way you cannot sell the car or do anything legally without their consent.
No, collection agencies do not have any right to freeze your  savings account. Only banks have the right to freeze your account  but depends on the nature of the default.
It depends on the state in which you live. Yes in Illinois,  Indiana, Iowa, Kentucky, Louisiana, Rhode Island, West Virginia and  Wyoming.
No. Medicare might provide payment for the first 20 days and part  of the next 80 days of care in a nursing home, which usually  results in a contribution by you of about $151 per day for the 80  days in central New York.
If it was not you it is not your business. If it is not your  business you cannot find out about the situation. Privacy laws are  taken seriously and everyone privacy must be protected. Don't think  you can find out some else's financial business. 
The statute of limitations for being sued for a debt, in Maine, is  6 years in all forms. However, a debt itself would not have a  similar expiration.
If you have good credit, you can apply for a balance transfer  credit card with a 0% intro period so you can save on interest for  up to a year and a half. You can also work with a debt settlement  company to help you negotiate with your lenders to pay off your  debt for less than you owe.
Not possible if it is coming from bankruptcy court (it probably is)
In many jurisdictions, about as long as it takes the repossession driver to get to the nearest courthouse and fill out the paperwork.
I don't know of a phone number that you can call to see if your tax  refund will be taken or partially taken for debts such as you  mentioned here. The IRS is not the agency that handles this action,  it is the Department of the Treasury, but a different department  with the Treasury Department....
Not until the estate has gone through Probate. If an Executor or  Administrator has been assigned by will or by Court then they have  responsibility to secure property belonging to the estate until it  is settled. If a loss occurs, they could be personally liable to  the heirs of the estate.
A duplicate title can be issued if there was previously a bank that  owned the vehicle, this can include a lease or a loan. Once the  amount is paid in full, a duplicate title will be issued to person  who signed the contract, with the exception of the lien holder  listed.
In some states you may be exempted from garnishment. In order to fully answer your question please copy and paste to the url. https://livechat17.volusion.com/livechat.aspx?ID=242155&location=https%3a//www.ontrackfinancialgroup.com/&auto=0&cookieGuid=4jemrfffgqabwkvgckfyn2ni&DeptID=...
Some parks are located on private property and some are public  property. It would depend on the owner of the park. A homeowners  association for instance can own a park within their subdivision.  This would be a privately owned park and can be only for members of  the homeowners association if...
You would eventually need to have a buyer in order to complete a short sale otherwise you would be applying for a deed in lieu. Your Bank/lender however will start the short sale process without a buyer, in some cases approve a purchase price range so that you have an idea what you need to be...
  == Answer ==   As in many disputes, the rent money should be placed in "escrow" having the condition that the accrued amount will be distributed according to the terms ultimately determined in a future settlement or court order.
Sure, hopefully you have a signed promissory note as evidence of the loan. If not, its your word against the defendant.
  == Answer ==   no it cant both owners have to consent to paying for the fence or the one that has the fence put up is responsible.
An allowance for bad debt is essentially areduction in a bank's accounts receivable . The allowance forbad debt equals the amount of the banks loans that it does not expect tocollect. .
Currently, no government credit card debt settlement programs  exist. Consumers who are in debt trouble do not have the option of  government assistance to get out. What does exist, on the other  hand, is publicizing by organizations, some of which are obligation  settlement organizations,...
Answer . \nused car dealers usually will repair, if not call the better business bureau or write to them NOW!!!! Look at your sales agreement and see if you have so much time for them to fix repair or warranty of 6 mo or more
  == Answer ==   If they are still in the car, the person that stole the car is responsible, unless he can convince the police that someone else is responsible.
If the title is in your name only, then the new buyer will not be able to put the title in his name. If it was repossessed, then the lienholder was able to sell it and the sale is valid.
 Cars repossessed laws in Canada a vary by provine.Whether your  car will be repossessed depends on such factors as the province you  live in and how for behind you are with your payments.Vehicle  repossessed is negative impact on your credit rating. If you want  more information email me at ...
Pay off the higher interest one first. Then, make at least double the payments on the two others and don't default on them. The sooner you can manage this, the better off you are since you reduce the dollars you are paying just for interest. A second job and serious cutbacks in your household or...
If they have is listed as in default, they will take it and apply  it to catch up your loan payments. I had a couple of people this  year who said theirs was on deferment but they still took the  refund, then others they didn't.
A charged-off loan is one where the lender of the money no longer  believes the loan is profitable, due to the loss of value of the  car. This is an accounting term and has no bearing on the amount of  money a car will go for.
A co-buyer can move out of state with car as long as car paymentsare current. The co-buyer should update the new address with thelender.
Once the deal is signed, you have the power.......
I concur, this is still considered income earned from employment and includable in the SS tax base. Yes, bonus payments, in fact virtually anything received of value, are the same as cash or any other income received from your employer for tax purposes. It is simply an 'Income' and therefore...
You lose the car ... simple ... it is returned to the company that lent you the money to purchase it ... it then gets cleaned up and at the option of the lender either gets sold to someone else or it gets auctioned off. This is their right to do this - they own the car, not you ... if you don't have...
Foreign and domestic debts is approx. 5 billion pesos = $116 billion dollars . As of May 2012 the Foreign -exchange reserve of the Philippines is $76 billion dollars . The dollar reserve should grow not less than 10%/yr for the next 4 years or so in order to reach 5 billion pesos debt pay off .
Yes, if you already have a payment arrangement with the IRS but  have a refund due, they will take the refund. If you have a balance  due, they will apply your tax refund to this balance.
so people could give it instead of trading something the same value but you have to earn it.
The Car is a 1977 thriller or horror film directed by Elliot Silverstream.
Answer . It seems like a lot of the questions are about cars. That means they have a high chance of coming up as a car question.
Statute of limitation on credit card debt in Singapore?
It means that the contractor contributed work and materials that  added to the value of your home. You owe that value to the  contractor. The lien is a type of security interest that must be  paid before you can mortgage or sell your property.   You should check the rules for mechanic's liens...
  == Answer ==   working
That would likely depend on the laws in the country they moved to. maybe one should check that BEFORE they move.    AnswerNo, the above poster hasn't a clue about much and even less about international law.It always makes more sense to fight than run.The problem with running to another...
Yes, they probably can. The debt pre-dated the transfer of  property. You need to be very careful in trying to protect your  interest. If you are in any way determined to be hiding or trying  to eliminate procurement of assets from a lien or judgment, you  could be charged with a crime. Just...
Yes, if a leinholder reposessed a vehicle from a person that owes adebt. then that vehicle is taken to an auction and the person itwas reposessed from must pay difference. If the amount owed is$12000 and the leinholder sells it at an auction for $8000 theprevious owner must pay the $4000 difference...
  The VIN number (Vehicle Identification Number) tells the company exactly which options your car has, like engine size, transmission type, trim package, heavy duty cooling or not etc.
When final payment is written on a check, it means in the debtor's  eyes, this is the final payment. Other than that, it is not a  legally binding statement and they may still owe money and money  can be collected from them.
Yes, they will. If the amount you are getting back is more than the amount you owe, they will seize the entire refund. It's happened to me twice. I am currently up to date and have almost paid of the amount I owed, but they will take it if you have back child support payments. Fathers get their...
I'll assume you are speaking of a disability check from the United States government. Typically those cannot be attached.However, and it may be a hair split, if that check is deposited in a bank, the bank account might be susceptible to an attachement.You should consult an attorney specific to your...
If you owe someone money, the time since you began owing it is irrelevant. If anything, they may top the debt up with late fees and interests. Your best advice is to pay them now, provided the debt is legal and not already paid or otherwise dealt with.
  www.hrsa.gov/hillburton/default.htm   I hope you find your location here.   Happy Holiday
Answer . That depends on the lenders qualifications for a home loan. Some will, some wont.. Answer . The repo is on your credit.. voluntary or not go down talk to a good home loan person and find out what they think.Don't forget the bank will still come after\nyou for the balance on the car loan...
Answer  Look at the Title. If there is a lien it should be listed, but even then you should check with your DMV/MVD or a 3rd party title agency for a title/lien check. (Current cost at MVD in AZ $3.00)
  == Answer ==     You need to have paperwork showing the bike as collateral for the loan, (like banks do), you need to show that the loan is in default, and last but not least, you need to know where the bike is. You CANT go in a locked door/gate. NO breaking and entering. It must be a...
my husbands checks have been garnished now for a year and a half he has paid about 10,000 and now they want to garnish our intire tax refund and we are in over our head in debt we got a foreclosure letter that if we dont pay 4,000 we will loose our home the only way we can stop this is to use our...
Answer . NOT unless it was stolen. Stolen cars are reported stolen. Cars securing a loan in DEFAULT are reported as DELINQUENT to the credit bureau.. Answer . \nIf you choose to report the car stolen, go ahead. I would not reccommend it though. Filing a false police report is illegal in most...
  == Answer ==   No. You sign a contract agreeing to keep the car for the specified time & any repairs not covered by the warranty are on you. you can turn the car in early but there are usually large penaltys involved.
Yes, if you have proof that you loaned them the money to purchasethe car and you are a lien holder on the title. Otherwise do notget the car or you can be charge with auto theft. I would contactyour local police for advice on how to proceed.
It depends on what state you are in, call your states attorney general or your state police and ask them for the pertinent laws including section, chapter and paragraph then look them up yourself just to be sure. In Texas you can have a long gun anywhere in your vehicle, you can have a pistol...
Yes it can ! Depending on how resilient the company is - they can chase you round the planet to recover their debt ! If necessary, they can even have you deported back to the UK to face a court of law ! Better to settle on an agreed repayment plan !
It is not illegal to park your commercial truck in your driveway.  However, there may be other relevant rules that apply. This  includes any homeowners association rules, or rules by the company  that employs you.
Answer . The lien is no longer applied to the vehicle when the loan is paid off. You can then get a lien release from the lender. As long as the loan has not been paid off the vehicle still has a lien on it.
I think the highest ever recorded price of a car being sold was a 1937 Bugatti Type 57C Atlantic sold for around $40M!
if a deferrment has been done on a student loan wll IRS still garnish refund.